How is USD better than Zimbabwean dollars after the US federal reserve has quadrupled the amount of dollars in less than a year and then claimed only single digit inflation?
EDIT: I love how nobody replying is addressing my actual point
EDIT: I love how nobody replying is addressing my actual point
Perhaps in a theoretical sense they aren’t different, they are fiat money which is basically a ledger of value (which governments manipulate).
But behind the dollar is the largest economy in the world and the largest army by a long shot, and a lot of motivation to keep the dollar as the “biggest” currency in the world.
It’s backed by the most powerful nation in the world.
Inflation is a measure of how much things cost, not of how much money exists.